The MIB gapped lower at the open on Wednesday, as we continue to see quite a bit of volatility. Quite frankly though, this is a market that has seen quite
The MIB gapped lower at the open on Wednesday, as we continue to see quite a bit of volatility. Quite frankly though, this is a market that has seen quite a bit of upward pressure lately, so I have no interest in shorting. At this point, I need to see some type of supportive candle, or perhaps a break out above the 22,300 level to start going long again, but I do anticipate that will be the move over the longer term. After all, the gap below the 22,000 level should offer quite a bit of support.
MIB Forecast November 19, 2015, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
